AIA Engineering Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
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AIA Engineering reported Q1 FY26 standalone revenue from operations of Rs. 832.74 crore, down about 7.9% from Rs. 903.86 crore in the same quarter last year. Standalone profit after tax fell to Rs. 234.03 crore from Rs. 246.67 crore, a decline of around 5.1%, with EPS at Rs. 25.08 versus Rs. 26.15. However, other income jumped to Rs. 112.51 crore from Rs. 80.16 crore, cushioning the bottom line. On a consolidated basis, revenue grew modestly to Rs. 1,038.95 crore, while net profit rose about 17.6% to Rs. 305.17 crore. The US Department of Commerce has imposed a countervailing duty of 3.16% and an anti-dumping duty of 6.70% on certain high chrome grinding media imports from India, effective May 22, 2025, following a complaint by Magotteaux Inc. The company has also decided to discontinue its Nagpur unit from July 29, 2025, though management says this will not hurt overall business or profitability. Statutory auditors B S R & Co. LLP issued an unmodified review opinion on the results.
The dip in standalone revenue is a concern and may weigh on sentiment, though strong other income and a healthy consolidated performance partly offset the weakness. The new US duties could pressure export realisations going forward, while the Nagpur unit shutdown signals ongoing portfolio rationalisation.